Commercial users: see the World Economic Database from our partners at Anansi Data Analytics

Japan: General government deficit (% of GDP)

Percent of GDP · 1875–2024 · 147 observations · forecasts to 2031 · gen_govdef_GDP

2024
−2.35%percent of GDP
Change on 2023
+1.5 pointsfrom −3.84%
Average, 2015–2024
−4.15%10 years
Record high and low
12.5% (1949)low −10.0% (1998)

General government deficit (% of GDP)

Report error
-15%-10%-5%0%5%10%15%18801900192019401960198020002020JapanJapan
ForecastPercent of GDP

Compare with other countries →Definition of General government deficit (% of GDP)

Recent values

Percent of GDP

YearValue
2031-4.04Forecast
2030-3.70Forecast
2029-3.29Forecast
2028-2.95Forecast
2027-2.37Forecast
2026-1.79Forecast
2025-2.23Forecast
2024-2.35
2023-3.84
2022-4.18
2021-6.15
2020-9.07
2019-3.04
2018-2.47
2017-3.10
2016-3.60
2015-3.68

Sources

  • IMF Fiscal Policy Panel1875–2023
  • OECD Economic Outlook1960–2025
  • IMF World Economic Outlook1980–2024
  • IMF Government Finance Statistics1994–2024
  • Asian Development Bank (archive)2000–2023
  • Asian Development Bank2000–2024
  • IMF WEO (forecast)2024–2031
  • OECD Economic Outlook (forecast)2025–2027

Compare these sources →

Japan documentation (PDF)

More for Japan

Real GDP per capita (USD)Nominal GDPReal GDPInflationUnemployment rateGovernment debt (% of GDP)All 76 series →

General government deficit (% of GDP) elsewhere

United StatesChinaGermanyUnited KingdomFranceIndia

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

GMD release 2026_09 · License & terms